Taiwanese liners' April top line came out as a positive surprise. The spot freight rates, as per SCFI, have fallen 7.5% MoM while Shanghai/Ningbo's combined port throughput was down 10% MoM in April. However, the Taiwanese liners' combined revenue ...
Matson's 22Q1 operating income (aka operating profit) were up 250% YoY but down about 10%QoQ, first sequential drop since 20Q1. The sequential drop in profit was due to drop in volume, rise in bunker costs and lease expenses.